By John Richardson CHINA’S decision to temporarily halt lending by some banks – which was announced yesterday – as it attempts to further cool the economy will likely have a significant effect on chemicals demand and pricing. This follows last week’s decision to raise bank reserve requirements and two increases in the inter-bank lending rate […]
Asian Chemical Connections
Falling China license plates a lead indicator?
Source of picture: Chinaenvironmentallaw.com Talk around the water-cooler in Shanghai offices at the moment is the fall in the cost of a car-license plate in September to a lowest bid of Yuan 27,000 ($3,953) from around Yuan 36,000 in August. “It surprised everyone because the forecast had been for the price to actually go up […]
Even China Polyester Rates Rise
Source of Picture: ChinaMonthlyReview.Org Polyester operating rates in China have started to rise on anticipation that the global economic recovery has arrived, according to Leonard DeGuzman, chemicals consultant with DeWitt & Co. Is this another example of a dangerous price bubble or further proof that we are really emerging from the woods? “The impact of […]
Can what made the US sick make China well?
It seems ironic that in the crazy scramble to protect itself from the consequences of the US collapse of the US debt-growth model, China has headed down the same path. As my fellow blogger Paul Hodges pointed out last Friday, official concerns over the bubbles in equity and property markets are increasing. Zhang Jianguo, president […]
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